Project detail - NAVEGAR I PARALLEL L.P.


Status: Approved investment
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The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.

Who is our customer

Navegar I Parallel LP is FMO's investment vehicle parallel to the main fund Navegar I LP. Navegar I is sponsored by a reputable European hedge fund manager, Brummer & Partners (“Brummer”). Navegar will be Brummer’s second PE fund, the first one being Frontier Fund in Bangladesh, in which FMO has invested.

What is our funding objective?

Navegar is a sector-agnostic Philippines-focused private equity fund, a first mover in the country with a focus on small and medium enterprises (SMEs). Its key investment themes are domestic consumer and (services) export sectors.

Why do we fund this investment?

FMO believes that the opportunity to co-anchor a fund in a lower middle-income country, with a high potential for impact and with scarce availability of equity capital, makes this deal a good fit with FMO’s strategy.

Infrastructure, Manufacturing and Services
Effective date
Total FMO financing
USD 20.00 MLN
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk Environmental & Social Category
(A, B+, B or C)